Payment to joint holder

NIRAJ GOEL (PROP.) (107 Points)

06 October 2011  

Hi

A and B are joint share holders in a private Limited company. this company declared dividend on this AGM. as per rule dividend should be paid to Mr. A, as his name list first in the register.

 

Company received a letter from Mr. b, to pay his share of 50% dividend. can company issue 2 dividend cheques. 

if yes what is the procedure

 

thanks